Common use of Close Out of Positions Clause in Contracts

Close Out of Positions. IF WE CEASE TO TRADE a) You agree to close out all open Positions in relation to the Margin FX Contract for the date specified in the notice and we will close out any remaining open Positions on the date specified in the notice with effect from the close of trading on the day. b) If we exercise our right to close out your remaining Positions under the preceding clause, we will close out those open Positions at the Closing Price for the Contract except where your open Positions are outside the Normal Trading Size, in which case we will close those Positions at a reasonable price determined by us in accordance with market practice, but at our absolute discretion.

Close Out of Positions. IF WE CEASE TO TRADE a) a. You agree to close out all open Positions positions in relation to the Margin FX Contract for contract or CFD by the date specified in the notice and we will close out any remaining open Positions positions on the date specified in the notice with effect from f rom the close of trading on the day. b) b. If we exercise our right to close out your remaining Positions positions under the preceding clauseClause, we will close out those open Positions positions at the Closing Price closing price for the Contract contract except where your open Positions positions are outside the Normal Trading Size, in which case we will close those Positions positions at a reasonable price determined by us in accordance with market practice, but at our absolute discretion.